Robyn Fenty, the singer, actress, and beauty magnate best known as Rihanna, just added another zero to her bank statement. At a net worth of $1.7 billion, Bad Girl Riri just became the richest female musician in the world. According to Forbes, the vast majority of her wealth is unrelated to her musical career. In fact, roughly $1.4 billion of that money comes from Fenty Beauty, Rihanna’s cosmetic line. At the same time, her lingerie company, Savage x Fenty is worth an estimated $270 million. So even without her record-breaking anthems, Rihanna would be doing just fine.
If anything, Riri exemplifies the benefits of diversifying one’s portfolio. The Barbados-born artist revolutionized the cosmetics industry with Fenty Beauty by placing inclusivity at the forefront of its product line. The company, which Rihanna splits 50/50 with French luxury brand LVMH, produces 50 shades of foundation to match nearly any skin tone. In doing so, Fenty Beauty has managed to outsell other celebrity-owned cosmetic lines, such as those run by Kylie Jenner and Kim Kardashian.
A true renaissance woman, Riri has managed to attain the status of billionaire without releasing an album in over five years. Her long-awaited R9 project shows no signs of dropping in the near future, but that may be because the global icon has plenty of other facets to keep her occupied. Plus, with nine Grammies, eight Billboard Music Awards, thirteen American Music Awards, and seven MTV Music Awards, no one is forgetting about Rihanna’s current tracklist anytime soon.